§ Mr. Gryllsasked the Secretary of State for Employment how much money has been lent by the banks to small firms under the Government's loan guarantee scheme; what is the number of firms involved; and what is the average amount of each loan and the losses to date under the scheme.
§ Mr. CopeBank lending of £586 million has been assisted by the scheme up to 31 May 1987. The average amount of each loan was £32,800. About 17,800 guaranteed loans were made to over 16,000 firms. The cost of claims net of premiums and other receipts has been £109 million.